Nifty futures outlook for next week 12 to 16 Dec. 2016
closed with gain at 8275. . Nifty future after fall is bouncing back in recovery phase. Nifty price trend still down but momentum is bullish and . On upside 8280 is December pivot resistance and if we see breakout above this level then expect 8640 my next swing target zone. Failure to cross 8280 will . Traders here keep wait and watch strategy while risk takers can buy nifty future for target 8350 to 8480 levels with stop loss below 8200. In options, risky traders can keep buy and accumulate view on nifty 8200 call options for big gains on breakout.
From long term view, above 8155, nifty future will remain buy and accumulate for target 8888.